Consort Technical Underwriters

What Consort Technical Underwriters does

Consort Technical Underwriting Managers (Pty) Ltd is a South African specialist engineering insurance underwriting manager founded in 1999, operating as the first niche Underwriting Manager (UMA) of Lombard Insurance Company Limited (A+ rated) since June 2007. The company underwrites a focused portfolio of engineering insurance products on Lombard's paper — Contract Works (CW) / Contractors All Risks, Electronic Equipment (EE), Plant All Risks (PAR), Machinery Breakdown (MB), and Construction Industry Public Liability (CIPL) — with Business Interruption (BI) and Deterioration of Stock (DOS) layered as add-ons. Its proprietary offering is defined by tailored policy wordings (notably a widely accepted PAR wording with minimal restrictive conditions) refined over more than two decades and supported by S&P A-Rated reinsurance capacity.

The company serves employers/principals, contractors and sub-contractors in construction, operators in mining/extraction (including underground), and manufacturing and commercial-industrial enterprises with high-value electronic or production-line equipment. Distribution is exclusively through accredited Short-Term Insurance Financial Services Providers (FSPs) and intermediaries, in compliance with FSCA regulation (Consort holds FSP 2273); Consort cannot sell directly to clients. The go-to-market leverages the Lombard broker ecosystem, including the Agencis intermediary management platform and Connect broker training portal, alongside monthly industry articles and social/email content marketing. Revenue is generated via commissions on underwriting premiums ceded through Lombard and its reinsurer panel. The team carries over 200 years of collective Construction and Engineering Insurance experience across offices in Johannesburg (HQ), Durban, Cape Town, and the United Kingdom.

Name

Consort Technical Underwriters

Legal name

Consort Technical Underwriting Managers (Pty) Ltd

Website

https://consort.co.za

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Consort Technical Underwriting Managers is a South African specialist engineering insurance underwriting manager (est. 1999), underwriting Contract Works, Plant All Risks, Machinery Breakdown, Electronic Equipment and Public Liability policies on Lombard Insurance's paper, distributed exclusively through accredited FSPs/brokers to construction, mining and manufacturing clients.

Ownership category

akta.pro rank

Product category

Engineering Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Engineering insurance underwriting
• Construction insurance
• Contractors all risks
• Plant all risks
• Machinery breakdown insurance

Headquarters

HQ city

Waterford

HQ country

Ireland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Engineering Insurance Underwriting: Consort Technical Underwriting Managers acts as an underwriting manager (UMA) for Lombard Insurance Company Limited, underwriting engineering insurance products including Contract Works, Electronic Equipment, Plant All Risks, Machinery Breakdown, and Public Liability. Revenue is generated through insurance premiums collected from policyholders via the broker network.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Consort Technical Underwriting Managers (Pty) Ltd underwrites specialist engineering insurance products — Contract Works (CW), Electronic Equipment (EE), Plant All Risks (PAR), Construction Industry Public Liability (CIPL), and Machinery Breakdown (MB) — as an underwriting manager for Lombard Insurance Company Limited. All cover is distributed exclusively through accredited brokers and authorised Financial Services Providers (FSPs) across South Africa.

Product overview

Consort Technical Underwriting Managers operates as an underwriting manager offering a portfolio of specialized Engineering Insurance products. The core offering consists of Contract Works (CW), Electronic Equipment (EE), Plant All Risks (PAR), Construction Industry Public Liability (CIPL), and Machinery Breakdown (MB) insurance products, underwritten by Lombard Insurance Company Limited. Business Interruption (BI) and Deterioration of Stock (DOS) Insurance serve as supplementary covers that extend protection following Machinery Breakdown events. The products are distributed exclusively through accredited Financial Services Providers (FSPs) / Intermediaries.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Works (CW) Insurance
• Electronic Equipment (EE) Insurance
• Plant All Risks (PAR) Insurance
• Construction Industry Public Liability (CIPL) Insurance
• Machinery Breakdown (MB) Insurance

Quantifiable outcome

• Tailor-made policy solutions for construction contracts, big or small
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Lombard Insurance Company LimitedcoreStrategic or Co-development Partner · 1 June 2007In June 2007, Consort became Lomvest (Pty) Ltd's (Lombard) first niche Underwriting Manager (UMA). Lombard provides world-class trade and commercial insurance products and has obtained an A+ credit rating from The Global Credit Rating Company. Consort underwrites engineering insurance on behalf of Lombard.
• GenoaminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Genoa specialises in Medical Malpractice insurance with over 100 years of cumulative experience, covering over 6,800 medical practitioners in SA and several prominent medical institutions.
• Horizon Underwriting ManagersminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Horizon underwrites niche business specific to the marine market including charterers, stevedores, container liabilities, and confiscation and deprivation cover.
• Leppard UnderwritingminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Leppard specialises in Professional Indemnity, Directors and Officers Liability, and General Liabilities insurance products.
• AmiminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Ami offers personal insurance products including homeowners, contents, car, pet, and travel insurance through their network of brokers.
• C3 (Commercial Crime Insurance)minorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. C3 covers businesses against direct financial losses from theft, fraud by employees, computer fraud, electronic data loss, extortion, and fraudulent transfer instructions.
• Lombard Human RisksminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Specialises in smart insurance solutions to protect people, offering services throughout South Africa and Africa.
• Turnberry Medical Gap CoverminorStrategic or Co-development PartnerPart of the Lombard Partnerships ecosystem. Turnberry offers a range of medical gap cover products with unsurpassed service to help avoid financial burden of medical expense shortfalls.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Santam: South Africa's largest short-term insurer, offering engineering, construction and contractors' all risks cover alongside a broad commercial portfolio. Directly comparable because it underwrites the same engineering insurance lines as Consort and is a primary competitor for engineering premium in the South African broker channel.
• Renasa Insurance: South African specialist underwriting manager writing niche commercial and engineering lines through brokers. Comparable to Consort because it operates a similar UMA model in adjacent specialist classes and targets the same broker distribution channel.
• MUA Insurance Acceptances: South African underwriting manager accepting specialist and niche commercial risks. Directly comparable to Consort given its UMA business model, focus on specialist commercial classes and reliance on broker distribution.
• Hollard Insurance: Large South African short-term insurer operating multiple specialist underwriting managers across niche lines including engineering and construction. Comparable to Consort because it competes for the same engineering premium via a UMA-style structure and the same broker distribution model.
• Bryte Insurance: South African commercial insurer with significant engineering and contractors' all risks book. Comparable to Consort as a direct competitor for mid-market engineering and construction policyholders and a fellow participant in the Lombard-adjacent broker ecosystem.

Broad incumbents

• Old Mutual Insure: One of South Africa's largest short-term insurers with broad commercial and engineering capabilities. Comparable to Consort because it serves engineering and construction clients but operates at much greater scale with a diversified portfolio beyond engineering specialisation.

Others

• Aon South Africa: Global insurance broker and risk advisor with a strong South African engineering and construction practice. Comparable to Consort as a key broker intermediary in the same engineering insurance distribution chain, though it does not itself underwrite risk.

Regional players

• Allianz Global Corporate & Specialty (South Africa): Global insurer with an engineering and construction line of business active in South Africa. Comparable to Consort because it underwrites the same engineering risks (CAR, EAR, machinery breakdown) for large commercial clients, though from an international platform.
• Zurich Insurance (South Africa): Global insurer with engineering lines active in South Africa. Comparable to Consort because it underwrites construction all risks and machinery breakdown cover, though Zurich's portfolio extends well beyond engineering specialisation.
• Chubb (South Africa): Global specialty insurer with engineering and construction practice in South Africa. Comparable to Consort because it competes for engineering and construction risks but with broader global product breadth and balance sheet scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCr8aBw5p8-O8Dj1LPps2szg/featured
• Facebookweb.facebook.com/consorttech
• LinkedInlinkedin.com/company/consort-technical-underwriters/mycompany/?viewAsMember=true
• Instagraminstagram.com/consort_tech
• Xx.com/consorttech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consort Technical Underwriters